Gilgil MP Martha Wangare is confident that fuel prices will go down after President Uhuru Kenyatta signs the finance bill 2018 which suspended the 16 per cent VAT on fuel till 2020.
Speaking during the Gilgil football tournament, the lawmaker also welcomed Deputy President William Ruto’s commitment that the executive will engage parliament over the same.
The MP the increase will impact negatively to the prices of basic commodities adding that there was no need to put pressure on Kenyans who are already overburdened.
Ruto has however called for calm saying the Government will engage Parliament on the best way forward over the matter.
Similar sentiments were expressed by the Kenya association of manufacturers which says increasing fuel prices will undermine the government’s ambition to boost manufacturing sector.
In a statement, Kenya association of manufacturers head of policy Job wanjohi says ‘The business environment in Kenya is increasingly becoming costly, and a great disincentive for Foreign Direct Investment.’